Is The Crypto Bull Run Over? Lekker Capital CIO Warns ‘Don’t Miss The Forest’

Lekker Capital CIO Quinn Thompson says the market just lived through a rare “positioning rinse” that has left crypto consensus facing the wrong direction at precisely the wrong time. “There’s about 1, at most 2, times per year where I feel like I’m seeing things at 180 degree odds with the crypto twitter consensus,” Thompson wrote on October 20, pointing to prior episodes in September 2023, September 2024, and February 2025 as similar inflection points for sentiment. “I am using the below 3 tweets to summarize consensus,” he added, linking to contemporaneous bearish posts from @qwqiao, @blknoiz06, and @cburniske to frame the prevailing mood. Why The Crypto Bull Run Highly Likely Isn’t Over Thompson’s core claim is straightforward and deliberately contrarian: the October 10 open-interest flush was not a reason to turn medium-term bearish on Bitcoin and Ethereum, but a capitulation that typically precedes strong forward returns source: https://www.newsbtc.com/news/is-the-crypto-bull-run-over-lekker-capital-cio/